The Q1 2013 Productivity & Costs revision shows labor productivity increased an annualized 0.5%. Output increased 2.1% and hours worked increased 1.6%. Hourly compensation dropped -3.8% in Q1 2013. This is the largest quarterly decline for wages in history. Between the numbers lies even more bad news for workers. Labor is simply getting squeezed to death as workers created more while being paid less. This quarterly report also shows there is no worker shortage for compensation would surely rise if demand for workers exceeded supply.